Why the Lumia 620 is so important to Nokia: Windows Phone is hammering the iPhone in India

The latest Nielsen survey confirms one of the major smartphone trends of 2012: That the Windows Phone operating system showed remarkable strength in India even before the new wave of Nokia (NOK) and HTC (2498) models launched in January. According to Nielsen, Windows Phone grabbed 8% of India’s smartphone market last autumn, far ahead of BlackBerry (BBRY) at 3% and iPhone at 1%. This is probably one of the reasons why Apple (AAPL) has started reconsidering a budget iPhone seriously. Nokia is launching its key budget Windows model, the 620, in a few weeks in India and the pricing is now expected to be around 15,000 rupees. This would be more than 10,000 rupees below the cheapest iPhone. India’s surprisingly strong